FG unveils national cloud policy, targets $750m investment in 24 months

By Progress Godfrey
The Federal Government of Nigeria has unveiled a National Digital Cloud Policy aimed at attracting $750 million in private investment into Nigeria’s cloud and data infrastructure within 24 months.
The policy, unveiled by the Federal Ministry of Communications, Innovation and Digital Economy, on Monday, is designed to expand local cloud and data centre capacity, create jobs, strengthen indigenous digital capability and position Nigeria as a regional digital services and hosting hub.
Under the policy, government plans to mobilise $250 million in private investment within the first 12 months, with the target rising to $750 million by the end of the second year.
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